Concepts
People
Money
Skills
Mischellaneous
100
Items that can be bought or sold
What is "Goods"?
100
The person who started Ford Motor Co
Who is "Henry Ford"?
100
The amount of money left after all business expenses have been paid
What is "profit"?
100
The ability of a business owner to treat people fairly and nicely
What is "customer service"?
100
The selling of products or services in order to make money
What is "business"?
200
Work done for others, like haircuts or car repairs
What is "Services"?
200
The person who started Facebook
Who is "Mark Zuckerberg"?
200
A person that has an idea and turns it in to a business
What is "entrepreneur"?
200
The quality of being fair and truthful
What is "honesty"?
200
An very important attribute of the United States
What is "freedom of choice"? We have the freedom to choose a job and the freedom to start a business
300
The ability to do something well
What is "skill"?
300
The person who started Nike
Who is Bill Bowerman?
300
The rivalry between two or more businesses striving for the same customer
What is "competition"? To increase profits, businesses compete for consumers. Consumers choose the best products and services for the best price. Cheapest is not always best.
300
The belief in your own abilities and ideas
What is "self-confidence"?
300
The factor that guides consumers choices in what they buy
What is "prices"?
400
A person or business that makes goods or provides services
What is "Producer"?
400
The person who started Google
Who is "Larry Page"?
400
The wealth and resources of a country in regards to production and consumption of goods and services
What is "economy"?
400
A school subject very important in owning a business to make money
What is "mathematics"?
400
A person needs "these" in order to start a business. There are three types - natural, human, and capital
What are "resources"?
500
A person who buys goods or services
What is "Consumer"? Have your parents ever paid someone to do something for them?
500
The person who started Apple
Who is "Steve Jobs"? These people came up with an idea and turned it in to a business.
500
A system in which goods and services are bought and sold freely with little government interference
What is "free market economy"? An economy with freedom of choice - free to choose what to produce, to buy, and earn a profit When economy is doing well, lots of buying and selling. When it is not, buying and selling slows down. Businesses adjust pricing based on consumers choices.
500
A school subject very important to businesses in terms of marketing, customer service and promotion.
What is "reading and writing"?
500
A situation that might expose a business to loss, especially for an entrepreneur or small business owner
What is "risk"?
M
e
n
u